Law Office of Henry B. LaTorraca Civil Trial Attorney

Financial technology benefits commercial real estate developers

Developers in California may dread the arduous process that can be involved in securing capital funding for their projects. Traditionally, commercial real estate funding involves a months-long process before the prospective borrowers receive their decisions. If they are denied, they have to restart the process all over again with new lenders.

The availability of financial technology has helped to transform the commercial real estate funding approval process. Technology has allowed for more transparency in the process, and borrowers may receive their decisions in as little as a few days instead of months. Alternative funding sources, such as crowdfunding sites, also mean that more people are able to secure financing for their developments than before.

Lenders are able to use algorithms to conduct due diligence on the developments that are under consideration. However, algorithms have some limitations. A professional who has decades of experience might consider factors that computer programs miss when considering whether or not to underwrite a loan. Developers might benefit by reviewing all of their potential funding sources and leveraging fintech to give them the greatest advantages.

Commercial real estate transactions can be complex, necessitating substantial amounts of planning, due diligence and analysis. Developers may want to get help from experienced commercial law attorneys who handle complex commercial real estate transactions. The lawyers might advise their clients about the legal issues involved with the transactions. They may help them to resolve any issues and comply with the regulations and laws that affect their properties and developments. Attorneys may assist their clients with zoning problems and work to secure variances or easements if they are needed. They may assist the developers with identifying potential funding sources and conducting the market analyses that they might need to submit to the lenders in order to obtain the capital that they need.

No Comments

Leave a comment
Comment Information

Creative Solutions for Complex Legal Issues

Map email us for a response

Contact the Law Office of Henry B. LaTorraca

Prospective clients are invited to contact attorney LaTorraca at 562-216-2942 for an initial lawyer consultation to discuss their legal matter.

*AV Preeminent is a certification mark of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies. Martindale-Hubbell is the facilitator of a peer review rating process. Ratings reflect the confidential opinions of members of the Bar and the judiciary. Martindale-Hubbell ratings fall into two categories - legal ability and general ethical standards.

Contact Us

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Follow Henry B. LaTorraca Via Social Media

400 Oceangate Suite 700 Long Beach, CA 90802-4306 Phone: 562-216-2942 Fax: 562-216-2943 Map & Directions

facebook google plus LinkedIn directions